$1,600,000
5 bd · 4.5 ba · 2,622 sqft
5 87th St Unit 303, Ocean City, MD 21842
Condo · Built 2007 · $610/sqft ·
$10,669/mo est. payment
- HOA
- $1,764/mo
- Stories
- 1
Flood factor 4/10
About this home
This spacious unit, just steps to the beach, has 5 bedrooms and 4.5 baths, newer HVAC unit, replaced sliding doors with surround sound featured in the open living areas as well as wrap around balconies with views of the beach, Atlantic Ocean & Assawoman Bay. This amazing property has 3 covered assigned spaces, for no hassle parking and a building elevator for ease of trips to and from the beach. Named "Sunrise" 303, has been an occasional summer retreat for the current owners and is approximately 2622 sq. ft. and will convey with most furniture. The Gourmet kitchen features granite counters, plenteous kitchen cabinets , built in wine cooler & icemaker, and the granite island conveniently offers a cooktop & vented stainless steel range hood so you can prepare a feast while socializing with your guests. The living area has aesthetically pleasing cork flooring, sliding doors and windows galore allowing an abundant of natural sunlight with views of the ocean and bay. This is an incredible offering to allow large families or great travel friends to own together in one of the most desirable garden style condo buildings in town or an incredible investment opportunity. This is an owners, never rented, unit however could easily gross $100k+- in rental income per year.
Facts and features
Bedrooms
- Bedrooms: 5
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- 1/2 Bathrooms: 1
Interior Features
- Ceiling fan(s)
- Combination dining/living
- Dining area
- Entry level bedroom
- Family room off kitchen
- Floor plan - open
- Kitchen - gourmet
- Primary bath(s)
Appliances
- Dishwasher
- Disposal
- Dryer - electric
- Exhaust fan
- Icemaker
- Microwave
- Refrigerator
- Stainless steel appliances
Heating and Cooling
- Cooling Features: Ceiling Fan(s), Central A/C, Heat Pump(s)
- Heating Features: Heat Pump(s)
- Heating: Yes
- Ceiling Fans: Yes
Garage and Parking
- Parking Features: Parking Space Conveys, Under Home Parking, Parking Lot
- Parking Total: 3
Home Features
- View: Ocean
Homeowners Association
- Association: Yes
- Association Fee: 5292
- Association Fee Frequency: Quarterly
- Calculated Total Monthly Association Fees: 1764
- Senior Community: No
Schools
- 10
Ocean City Elementary School
elementary · K-4 · 4.8 mi
- 7
Stephen Decatur High School
high · 9-12 · 8.3 mi
- 10
Stephen Decatur Middle School
middle · 7-8 · 8.5 mi
- 8
Berlin Intermediate School
elementary · 5-6 · 9.7 mi
- 8
Showell Elementary School
elementary · K-4 · 7.3 mi
Worcester Technical High School
high · 9-12 · 19.8 mi
Price history
- Oct 16, 2026 · Listed$1,600,000
- Oct 1, 2026 · Listing Removed—
- Nov 4, 2025 · Listing Removed—
- Mar 2, 2025 · Relisted$1,750,000
- Mar 2, 2025 · Relisted$3,250,000
- Mar 1, 2025 · Listing Removed—
- Mar 1, 2025 · Listing Removed—
- May 7, 2024 · Relisted$1,750,000
Tax history
- 2026$9,240 tax · $681,700 assessed
- 2025$8,974 tax · $681,700 assessed
- 2024$8,829 tax · $657,233 assessed
- 2022$8,548 tax · $608,300 assessed
- 2021$8,595 tax · $608,300 assessed
- 2020$8,594 tax · $608,300 assessed
- 2019$8,653 tax · $608,300 assessed
- 2018$8,592 tax · $608,300 assessed
Home value
$1,599,000
- Collateral Analytics$1,599,000
- Cotality$1,655,700
- Quantarium$1,015,530
Where it is
Listed by SHEPPARD, JENNY · SHEPPARD REALTY INC · BrightMLS
